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The past decade has seen a virtual explosion of information about customers and their preferences. This information potentially allows companies to increase their revenues, in particular since modern technology enables price changes to be effected at minimal cost. At the same time, companies...
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parsimonious framework to study various problems of stochastic capacity investment and inventory management, including assembly … that are characterized by linear revenue and cost structures and a linear input-output transformation. While capacity and … inventory decisions are locked in before uncertainty is resolved, some managerial discretion remains via ex-post input …
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at unplanned moments, its capacity to replenish inventory is considered limited. Analytical results partially …We consider a periodic-review inventory system with two suppliers: an unreliable regular supplier that may be disrupted …
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